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What is the difference between a broker and a lender for registration purposes?

April 26, 2017broker difference Lender purposes registration

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What is the difference between a broker and a lender for registration purposes?

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There is really no difference in these two types of accounts at this moment in time. If a Retail Lender is also a Wholesale Lender, he or she may become a Priority Lender and receive requests for loan quotes from brokers. Additionally, a Wholesale Lender may sign up only for this service, of course.